| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 64% | 54% | 15.4% |
| Shorts | 36% | 46% | -27.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The 50– hour simple moving average has been driving the EUR/JPY currency pair lower since March 27. The pair tested March 9 lows at 116.26 during Thursday's trading session.
As for the near future, investors and traders may opt for the Japanese Yen as a safe-haven currency against the euro. The potential target for the exchange rate will be at the 115.00 area.
However, a support cluster formed by the weekly S2 and the monthly S1 at 116.11 could provide support for the currency exchange rate within the following trading session.